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Home2021June

Month: June 2021

Canada power -energynewsbeat
CO2 & GHG

Opinion: Net-zero won’t cure the climate but it may kill Canada

June 30, 2021 Stu Turley

Last November the federal government introduced its Net-Zero Emissions Accountability Act, which establishes our pathway towards reaching that goal by 2050. But don’t hold your breath. It took a full decade to build 12.5 km […]

Komati Power Station - Enerby News Beat
CO2 & GHG

Eskom Needs $10 Billion to Repurpose Most Coal Plants by 2050

June 30, 2021 Stu Turley

Eskom Holdings SOC Ltd., South Africa’s state power utility, needs $10 billion to shut most of its coal-fired plants by 2050, a company official said. The utility is in talks with development finance institutions to […]

Gina McCarth - Bloomberg-EnergyNewsBeat.com
CO2 & GHG

White House Sets Red Line Around Climate Goals in Reconciliation

June 30, 2021 Stu Turley

Major climate measures sought by the White House that were left on the cutting room floor during infrastructure negotiations with Republicans will be non-negotiable items as the administration sets its sights on the next legislative […]

London Stock Exchange - energynewsbeat
Finance

ACWA Power Gets Saudi Approval to Offer 11.1% Stake in IPO

June 30, 2021 Stu Turley

Saudi Arabia’s Capital Market Authority approved an application by ACWA Power, the kingdom’s renewable energy leader, to sell an 11.1% stake in an initial public offering. ACWA Power, also known as International Co. for Water and […]

Commodities

King Operating 1 LP Fund – A 4 step plan for revenue and value for divestiture – Today is the right time for Oil and Gas investments

June 30, 2021 Jay R. Young

The market has never been a better time to invest in the United State oil production. The world oil demand is coming back strong, and the United States is now a net energy importer. Oil […]

powerlines - Justin Sullivan - Getty Images - Energy News Beat
EIA News

NERC report outlines potential electricity disruptions in the United States this summer

June 30, 2021 Andy Del Prado

Parts of the United States are at elevated or high risk for potential electricity emergencies this summer, according to the North American Electric Reliability Corporation’s (NERC) 2021 Summer Reliability Assessment. Summer peak electricity demand in […]

U.S. coal exports
EIA News

U.S. distillate demand returned to 2019 levels earlier than gasoline and jet fuel demand

June 29, 2021 Andy Del Prado

The combination of increases in both travel and economic activity in the United States has contributed to more demand for gasoline, distillate, and jet fuel, as reflected in the product supplied data of our Weekly […]

Guiana - EnergyNewsBeat
Crude Oil News

Guyana is lynchpin in southern Caribbean’s changing geopolitical landscape – Scott B. MacDonald

June 28, 2021 Tracey Woods

In June 2021, Guyana was the host for Operation Tradewinds, a multinational military exercise, involving military forces from the U.S., the Bahamas, Brazil, Canada, the Dominican Republic, France, Jamaica, the Netherlands, Trinidad and Tobago, and […]

Electrical Generation / Utilities

Blackouts Loom in California as Electricity Prices Are ‘Absolutely Exploding’

June 28, 2021 Andy Del Prado

Two inexorable energy trends are underway in California: soaring electricity prices and ever-worsening reliability – and both trends bode ill for the state’s low- and middle-income consumers. Last week, the state’s grid operator, the California Independent System […]

International News

Iraq inks deal with UAE firm to produce renewable energy

June 28, 2021 Andy Del Prado

Baghdad, Iraqi Oil Minister Ihsan Abdul-Jabbar Ismail announced the signing of an agreement with Masdar, a renewable energy developer based in the United Arab Emirates (UAE), to establish a solar energy project. Ismail, who is also chairman of the Iraqi Ministerial Council […]

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